TSXV:SLX.P - Post by User
Comment by
whypromoteon Apr 05, 2011 8:35am
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Post# 18385715
RE: Same Happened to ECU Minerals!
RE: Same Happened to ECU Minerals!
You mean ECU Silver? What happened? The NEWSstopped....:)
Don't know it but purely from a TA standpoint.
Likemost PM stocks got creamed during the crash and has been rolling over -trendline - since it touched $3.50 in 07'. Post crash low to $.43 and wasrangebound for almost 2 years - $.46 to $.80/.90 till NEWS - pos assay resultsgapped it to over $1.45 last nov....decending flag pattern ever since, nowsitting on 200 dma and past support.
ECU has never traded off silver.Just a " news " driven PM stock like some i have owned in the past.
ECUpresently sitting on 200dma and past support at $.90.
https://stockcharts.com/h-sc/ui?s=ECU.TO&p=D&yr=3&mn=0&dy=0&id=p50563898342
Like SLX,ECO has really lagged silver's recent move. Even uglier thanours......!!
https://stockcharts.com/h-sc/ui?s=ECU.TO:$SILVER&p=D&yr=3&mn=0&dy=0&id=p86380579756
Ourlag...
https://stockcharts.com/h-sc/ui?s=SLX.TO:$SILVER&p=D&yr=3&mn=0&dy=0&id=p63141423908
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